________ are the major source of unsecured short-term financing for business firms.
A) Accounts receivable
B) Term loans
C) Notes payable
D) Accounts payable

Question

Quizplus · Accepted Answer

Accounts payable are the major source of unsecured short-term financing for business firms as they allow a firm to purchase goods or services on credit and delay payment to the supplier, providing a source of financing in the short-term. Accounts receivable, term loans, and notes payable are other sources of financing but do not typically provide as much short-term flexibility as accounts payable.

________ Are the Major Source of Unsecured Short-Term Financing for Business